 PAPER TRADING FORM TUTORIAL info@amazingstocks.com In order to complete this Paper Trading Form we will use the rolling stock information from the Rolling Stock Tutorial you have just taken, as well as some of the forms you previously printed. Using the Rolling Stock Grading Guide I have decided to list the hypothetical stocks I have selected to invest in, in order of potential return. Please note that the actual stocks on our reports have a MINIMUM 100,000 shares sold in the course of any given day, and will not be less than $3.00 per share. Lesser stocks found elsewhere may tend to be less 'predictable', and may have enormous asked/ bid spreads! % RETURN x $25 = HMMM 50 - 100 (average 75) $1875 (Maximum $2,000; MOVE 51 1275 Minimum $500; UPBOT 50 1250 Volume Min: 800,000) RECOV 48 1200 QUEST 30 - 56 (average 43) 1075 BOUNC 23 - 50 (average 36.5) 913 UTURN 30 750 TABLE 11 - 40 (average 25.5) 638 FLAT 11 - 30 (average 20.5) 513 TOTAL SO FAR: $9489 My personal choice is to weigh my investment levels of each stock by multiplying the average expected returns by $25. This forces me to invest more wisely, so as not to become "over invested" into any given stock. If you are new to this, try investing in a diversified portfolio of primarily Range Riders (stocks with an action of 'R, RR' in the Intelli$ource Stock Reports) to lower risk. Under "Symbol" I will write the company symbol of the stock. Place the buy level of each stock in the buy column (usually "L"), and the level at which I expect to sell the stock "U" in the appropriate column. SL$__ represents the "Stop Loss" level, the level at which if the shares were purchased, then the value of the shares was to continue to fall, that I want the broker to automatically sell my shares to protect what's left of my money. I make sure the stop loss I set is not so close to my purchase price per share in percentage terms whereby a small correction could force the premature selling of my shares! I have placed "STOP limit orders" (NOT "market orders"!!!) on all the stocks listed below. The number of shares I expect to acquire is determined by dividing the investment amount by the Buy price. For example: UPBOT $1,250 divided by a Buy price of $2.20 per share = 568 shares The trading form so far looks like this: STOP LIMIT ORDERS... FILLED (COMPLETED) ORDERS.......... Per share Number Symbol Buy at Sell at Date Ask/ Bid of shares BOUGHT SOLD UPBOT $2.20 __/__/9_ Ask $______ x 568 = $______ SL$____ $3.50 __/__/9_ Bid $______ x 568 = $______ ____________________________________________________________ BOUNC $1.25 __/__/9_ Ask $______ x 730 = $______ SL$____ $2.40 __/__/9_ Bid $______ x 730 = $______ ____________________________________________________________ QUEST $ .75 __/__/9_ Ask $______ x 1433 = $______ SL$____ $1.15 __/__/9_ Bid $______ x 1433 = $______ ____________________________________________________________ HMMM $ .75 __/__/9_ Ask $______ x 1406 = $______ SL$____ $1.25 __/__/9_ Bid $______ x 1406 = $______ ____________________________________________________________ RECOV $ .16 __/__/9_ Ask $______ x 7500 = $______ SL$____ $ .30 __/__/9_ Bid $______ x 7500 = $______ ____________________________________________________________ UTURN $1.50 __/__/9_ Ask $______ x 500 = $______ SL$1.00 $2.25 __/__/9_ Bid $______ x 500 = $______ ____________________________________________________________ MOVE $1.65 __/__/9_ Ask $______ x 773 = $______ SL$____ $3.00 __/__/9_ Bid $______ x 773 = $______ ____________________________________________________________ FLAT $ .30 __/__/9_ Ask $______ x 1710 = $______ SL$____ $ .50 __/__/9_ Bid $______ x 1710 = $______ ____________________________________________________________ TABLE $1.80 __/__/9_ Ask $______ x 354 = $______ SL$1.25 $2.75 __/__/9_ Bid $______ x 354 = $______ ____________________________________________________________ ??? $______ __/__/9_ Ask $______ x ______ = $______ SL$____ $______ __/__/9_ Bid $______ x ______ = $______ You can now determine whether or not the orders you have chosen might have triggered, by clicking the technical charts link within the Table of Contents page, or at the top of any stock report, or by using TC2000. Enter the symbol of one of the stocks above, (use real symbols such as MSFT [Microsoft Corp.], GE [General Electric] or IBM for now) to see what the current 5 MINUTE CHART of each of those looks like in the Retrieve Mode. The prices are listed to the right of the charts, and the performance of the stock over the past five trading days is clearly shown. To determine if buy orders were completed observe the price represented at the upper tip of each of the spikes representing the stock price movement. Upon selling use the price represented by the lowest tip of the spike. If, for example the price of UPBOT fell sufficiently to reach $2.20, the price at which I placed the order to purchase the stock, assume the trade was completed. If, for example the price reached $3.50 or higher, assume the sell order was triggered at $3.50. You may choose however to sell the stock at any time, however you would need to sell it at the most recent price, as you would if you actually held the shares. Observe what the "Bid" per share price is, that is the price you are offered for your shares. If a "stop loss" price is reached before the stock can be sold at another price, use the stop loss amount as the "bid" price, and assume all your shares were sold at that price. Let's now assume that it's a week later and five of your stock trades were triggered, BOUNC at $1.25, RECOV at 16 cents, MOVE at $1.65, UPBOT at $2.17 and QUEST at 75 cents. In the meantime RECOV sold at 30 cents and QUEST at $1.15 per share. Your form would look like this: STOP LIMIT ORDERS... FILLED (COMPLETED) ORDERS.......... Per share Number Symbol Buy at Sell at Date Ask/ Bid of shares BOUGHT SOLD UPBOT $2.20 3/ 8/99 Ask $2.17 x 568 = $1233 SL$____ $3.50 __/__/9_ Bid $______ x 568 = $______ ____________________________________________________________ BOUNC $1.25 3/ 7/99 Ask $1.25 x 730 = $ 912 SL$____ $2.40 __/__/9_ Bid $______ x 730 = $______ ____________________________________________________________ QUEST $ .75 3/ 7/99 Ask $ .75 x 1433 = $1075 SL$____ $1.15 3/16/99 Bid $1.15 x 1433 = $1648 ____________________________________________________________ HMMM $ .75 __/__/9_ Ask $______ x 1406 = $______ SL$____ $1.25 __/__/9_ Bid $______ x 1406 = $______ ____________________________________________________________ RECOV $ .16 3/ 9/99 Ask $ .16 x 7500 = $1200 SL$____ $ .30 3/15/99 Bid $ .30 x 7500 = $2250 ____________________________________________________________ UTURN $1.50 __/__/9_ Ask $______ x 500 = $______ SL$____ $2.25 __/__/9_ Bid $______ x 500 = $______ ____________________________________________________________ MOVE $1.65 3/11/99 Ask $1.65 x 773 = $1275 SL$____ $3.00 __/__/9_ Bid $______ x 773 = $______ ____________________________________________________________ FLAT $ .30 __/__/9_ Ask $______ x 1710 = $______ SL$____ $ .50 __/__/9_ Bid $______ x 1710 = $______ ____________________________________________________________ TABLE $1.80 __/__/9_ Ask $______ x 354 = $______ SL$____ $2.75 __/__/9_ Bid $______ x 354 = $______ ____________________________________________________________ _______ $______ __/__/9_ Ask $______ x ______ = $______ SL$____ $______ __/__/9_ Bid $______ x ______ = $______ Of course the figures shown here are only hypothetical. Get the ACTUAL stocklist, the Intelli$ource CURRENT Stock Reports, and list ACTUAL stocks you have chosen on the trading form. Keep adding carefully selected trades every week until you have filled ten buy orders, then scratch out the untriggered orders. Feel free to eliminate unfilled orders or place new orders at any time, as you would be able to do if you were actually trading shares. After you have sold the last of the stocks, total the bought and sold columns independently. The bottom of the form explains the results. Once you make lots of money on paper, I believe you'll want to make REAL paper money! Power Investing! The Intelli$ource Team Home |